The speaker invested $25,000 in Twitter at a low valuation through Blake, then told Gary Vaynerchuk about it. Before Gary could buy in, Twitter announced a financing round that hiked the valuation 5 to 10 times. Blake raised the price for Gary, who had to pay more while the speaker kept the cheap shares. Gary's still mad about it.
How much does $25K into Twitter and Facebook early on actually turn into? $1,000. Here's the funny thing. So I bought in from Blake and then told Gary that Blake was selling some. Then Twitter ended up actually— they had a preemptive round coming that really like 5 or 10x their valuation. And then Blake was like, oh, whoa, whoa, no, there's a new valuation now. And he charged Gary the new price. So Gary's still pissed at me because I got this like really cheap price for Twitter stock and then Gary had to pay the more expensive price.
